Elevation VC Preps for Blockbuster IPO Exits Across India's Startup Scene

As of August 2025, the venture capital firm Elevation is preparing for a wave of IPO exits from its diverse startup portfolio. The firm's pipeline includes well-known names such as Aye Finance, Urban Company, Acko, Wakefit, Meesho, and others.

While Elevation may not exit all of these companies immediately, the firm plans to retain stakes in some firms even after their public debuts. Startups like Urban Company, Wakefit, and Aye Finance have already filed their draft IPO papers and are expected to go public by the end of the current financial year. Other portfolio companies are likely to follow suit in the next two years, according to Elevation partner Chirag Chadha.

Chadha emphasized that Elevation primarily backs founder-led businesses with strong IPO ambitions. Most of these companies have already surpassed ₹1,000 crore in scale and are either profitable or have a clear path to profitability. Elevation's past IPO exits include notable names like MakeMyTrip, Paytm, and Swiggy.

The VC firm invests across stages, with check sizes ranging from $2 million to $30 million. Over 50% of its fund corpus is reserved for follow-on investments in its portfolio companies. As the IPO market rebounds, especially for profitable consumer and fintech firms, Elevation and its peers are poised to pursue meaningful exits through public listings.